The market-watching mini-drama is underway: $USELESS has fallen below the 0.13 level.
A round-number level is just a number to the price, but to us, it’s a psychological line of defense.
On a more serious note, the common wisdom is that a resistance level that’s decisively broken often turns into support, while a support level that’s decisively broken often turns into resistance.
If you’re using leverage, keep plenty of margin in reserve so a sudden swing doesn’t wipe out your position.
#USELESS
A round-number level is just a number to the price, but to us, it’s a psychological line of defense.
On a more serious note, the common wisdom is that a resistance level that’s decisively broken often turns into support, while a support level that’s decisively broken often turns into resistance.
If you’re using leverage, keep plenty of margin in reserve so a sudden swing doesn’t wipe out your position.
#USELESS
